SAN RAMON, Calif.--(BUSINESS WIRE)--24 Hour Fitness and Bally Total Fitness (“Bally”) jointly announced today that 24 Hour Fitness has agreed to acquire certain assets of Bally Total Fitness including 32 fitness clubs located in New York, New Jersey, Denver and the San Francisco Bay Area. It is anticipated that the transaction will officially close in the next two weeks.
“Bally maintains a commitment to great service and facilities to improve the quality of life of our members,” stated Steve Tucker, President and CFO, Bally Total Fitness. “24 Hour Fitness maintains a similar focus. We are leaving these 32 clubs in capable hands.”
This is the first acquisition for 24 Hour Fitness CEO Mark Smith and President Frank Napolitano since the iconic fitness brand was acquired earlier this year.
“This is an important day for both of our companies. Our No. 1 priority will be to ensure a welcoming and smooth transition of the clubs into the 24 Hour Fitness family,” said Mark Smith, CEO, 24 Hour Fitness.
“We have the best talent, resources, and operating platform to integrate these clubs seamlessly and we look forward to extending the 24 Hour Fitness brand in our core markets with this important transaction,” stated Frank Napolitano, President, 24 Hour Fitness.
About 24 Hour Fitness
Headquartered in San Ramon, Calif., 24 Hour Fitness is a leading health club industry pioneer, serving nearly 4 million members in more than 400 clubs across the U.S. For more than 30 years, the company has been dedicated to helping members change their lives and reach their individual fitness goals. With convenient club locations, personal training services, popular group exercise classes and a variety of strength, cardio and functional training equipment, 24 Hour Fitness offers fitness solutions for everyone.
Please call 1-800-224-0240 or visit 24hourfitness.com for more information and to find the club nearest you.